A patent race in a real options setting: investment strategy, valuation, CAPM beta, and return volatility

DOI10.1016/j.jedc.2008.01.001zbMath1181.91332OpenAlexW3125247651MaRDI QIDQ844785

Rujing Meng

Publication date: 19 January 2010

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10722/60148

zbMATH Keywords

patent racestochastic gameR\&D investmentsstrategic real options

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Resource and cost allocation (including fair division, apportionment, etc.) (91B32) Corporate finance (dividends, real options, etc.) (91G50)

Related Items (6)

Patent valuation under spatial point processes with delayed and decreasing jump intensity ⋮ Optimal R\&D investment for a risk-averse entrepreneur ⋮ R&D INVESTMENT DECISION ON EMERGING TECHNOLOGY ⋮ Venture capital financed investments in intellectual capital ⋮ Strategic real options under asymmetric information ⋮ The Multi-Objective Alternative Assets Investment Optimization Model on Sovereign Wealth Funds Based on Risk Control

Cites Work

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• A Stochastic Model of Investment, Marginal q and the Market Value of the Firm
• A Theory of Dynamic Oligopoly, II: Price Competition, Kinked Demand Curves, and Edgeworth Cycles
• A Dynamic Game of R and D: Patent Protection and Competitive Behavior
• R&D Investments with Competitive Interactions
• Uncertainty, Investment, and Industry Evolution
• Strategic Delay in a Real Options Model of R&D Competition

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